Here’s what you need to know about what’s happening in the industry.
I haven’t been able to get a post up for a couple of days and have several interesting items I want everyone to be aware of since they could have a huge impact on the automotive industry in the near future. Click on any of the links to get more info from the source for each story and don’t be scared to leave a comment below – I like discussing topics, even if you don’t entirely agree with my take.
1. Tesla Is On A Roll
Last night was the Tesla annual stockholders meeting and it was a pretty wild time. Yet again, many are comparing Musk to Steve Jobs, especially as he came out on stage almost an hour late and wearing black head to toe. Still, he gave quite the presentation, making the automaker’s challenges seem like mere anthills.
One of the more troubling items presented during the meeting, at least for luxury automakers, is Tesla’s forecast that it will build 1.5 million vehicles in 2022. The company also believes at the end of the year it will be building EVs at an annualized rate of 2 million units. To put that into perspective, last year BMW delivered 2,521,179 vehicles to customers last year. In other words, Tesla is almost on its heels.
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